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Russia to boost oil production by total of 114,000 bpd In May-July, says Novak

02 April 2021 09:47 (UTC +04:00)

Within the framework of the OPEC+ deal, Russia will evenly increase oil production in May-July by a total of 114,000 barrels per day, Russian Deputy Prime Minister Alexander Novak said, APA-Economics reports citing Russia 24 tv channel.

"As for Russia, as you know, in the previous month, some decisions were made that allowed us to partially restore production from our quota, we have the remainder of 114 thousand barrels per day, and we also equally, together with all countries, use recovery of this production within three months, "Novak answered when asked how much Russia will add oil to the world market, starting in May.